Amid revenue squeeze, Nigerian govt to increase running cost 40% to over N1 trillion
The spending plan named “Budget of Fiscal Consolidation and Transition” will set Nigeria on a historic budget deficit that will...
The spending plan named “Budget of Fiscal Consolidation and Transition” will set Nigeria on a historic budget deficit that will...
Geregu Power, controlled by the business tycoon Femi Otedola, had assets totalling N114.8 billion in value as of the end...
The Kogi government sealed the plant, formerly owned by the state government, on the allegation that it was improperly acquired...
The Kogi government says the ownership transfer of Obajana Cement (formerly owned by the Kogi State government) to Dangote Industries...
The Obajana Cement was purportedly sold by the Kogi government to Dangote Cement in 2002, but the current administration questions...
Geregu's shares were priced at N100 per unit at market open but went on to add 10 per cent, the...
Cost of sales, standing at N5.3 trillion, consumed as much as 83.3 per cent of its turnover during the period,...
The listing in Lagos on Wednesday, will enable Geregu Power entry to the Nigerian Exchange’s (NGX) main board with 2.5...
Mike Adenuga, Africa’s sixth richest man and Nigeria’s third by Forbes’s rating, owns 25 per cent of the bank’s outstanding...
In all, 1,611,995,510 shares were allotted to 22 Hospitality Hospital at N7 per unit when that was concluded, totalling N11.3...
The lender will become known as Sterling Financial Holdings Company when the transition is delivered.
That is coming over three months after Guaranty Trust Holding Company (GTCO) announced receipt of approval for its own payments...
The NGX 30, the index tracking the combined progress of the top 30 firms in terms of market value and...
Libya, which pumped 1.08 million barrels of oil last month according to the survey, might also displace Nigeria if the...
Pre-tax profit enlarged by 12.6 per cent to N85.7 billion; profit after tax by 16.1 per cent to N70.3 billion.
The new effort matches the bank's broader goal of expansion, and comes a week after it announced the buyout of...
The transaction completes a broader debt-raising programme in which N150 billion will be sourced in all.
GTCO's revenue growth could not propel profit as two bugbears – galloping tax spend and other operating expenses – gnawed...
Flutterwave, based in San Francisco, California, is Africa-focussed and is considering flotation to be followed by listing on Nasdaq.
Quickening by 48.5 per cent, interest and similar income for the period leapt to N126.3 billion.
The index has been up by 16.2 per cent so far this year.
Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through.
"This transaction is in line with our vision to create a globally connected community and ecosystem; inspired by Africa for...
There are also Zenith Bank and CAP Plc.
Market breadth, an indicator showing the direction stocks are likely to head soon, was positive with 17 gainers on record...
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All content is Copyrighted © 2024 The Premium Times, Nigeria